Post Utme Pan Atlantic University 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2023 Accounting Objective / Multiple Choice
Question 26 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following account balances: Accounts Payable ₦200,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦100,000. What is the correct order of the accounts in a classified balance sheet?

Answer Options

Correct Answer A. Assets, Liabilities, Equity, Revenues, Expenses
B. Assets, Revenues, Expenses, Liabilities, Equity
C. Liabilities, Assets, Revenues, Expenses, Equity
D. Equity, Liabilities, Assets, Revenues, Expenses
Correct Answer
A
Correct Option:
Assets, Liabilities, Equity, Revenues, Expenses

About This Question

This is Post Utme Pan Atlantic University 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Accounting examination.

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